BANK LENDING For Your Business
Invest In Yourself!
We offer bank lines of credit, up to 100% equipment financing, term loans for start up companies and business credit cards.
Programs
#1 - Bank Financed Line of Credit
Program A - We offer a stated income line of credit up to $50,000. This program is the easist to qualify for as it is based on credit worthiness and offers minimal documentation.
Program B - We offer a business line of credit up to $500,000 that requires both personal and business tax returns, personal financial statement, and business debt schedule. The line is based on credit, debt to income ratios, and consistent cash flow.
Program C - We offer a business line of credit from $500,000 to $5,000,000. This line of credit requires full business and personal financials, account receivables schedule showing invoice dates, account payables schedule, current profit & loss and balance sheet, and a successful track record of consistent monthly income. Obviously, this program is intensive.
All of our business lines of credit are indexed with Wall St Prime Rate.
#2 - Bank Financed Equipment Financing
We offer up to 100% financing for business related equipment. As long as the equipment purchase makes sense, we can help finance company vehicles, IT equipment, and most FF&E (furniture, fixtures & equipment) that is used in a business.
#3 - Business Term Loans
We offer unsecured business term loans up to $500,000. The terms range from 3, 5, or 7 years. Rates range from 8.99% to 14.99% dependent upon the strength of personal credit. There is no minimum length of time in business. It is a fixed monthly payment. It has no perpayment penalty. It requires 680+ credit scores from all 3 credit bureaus and 2 years of personal tax returns showing $50,000 or more of taxable income. This program is similar to having an equity partner as the lender charges 15% of the loan amount plus interest rate.
#4 - Business Credit Cards
We offer business credit cards that do not report to personal credit bureaus. They establish credit for your business. There is no minimal length of time in business. It is also a stated income program. It requires 700+ credit scores from all 3 credit bureaus. The business needs to be an established business entity. These cards offer 0% interest for 6 - 18 months depending on credit strength. Funding is typically from $10,000 to $150,000.
Reliable
Competent
Trustworthy
Integrity
Information
Step #1 Contact Us - You can easily fill out the form at the bottom of the website to contact us. Feel free to contact Patrick directly by email or phone. Provide your contact information and we will respond back.
Step #2 Free Consultation - This is where we discover your goals and needs and provide the best options for you and your business. We will discuss your industry, your experience, your credit, your income, your debt, your paperwork, and your future. This is where we uncover how we can help get you to the next level. We will advise the appropriate program(s), estimated costs and payments, and provide a timeline and list of required documents needed to get you funded.
Step #3 Close & Fund - After we assemble and package your loan file and your loan file is underwritten and approved, we close and fund. It is a simple process and we walk you through every step along the way.